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September 17, 2008

Job Posting from Near Future: Treasury Needs a PE Manager

Sooner rather than later, Treasury and the Fed need an in-house private equity manager. Why? Because it now owns a new, large and growing portfolio of semi-public companies, including Freddie, Fannie, and AIG. And it not only has massive stakes in these companies, it is injecting more money, inserting executives, and changing/altering the board.

I'm serious. It needs to happen.

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